INSUBCONTINENT EXCLUSIVE:
banking transaction servcies, commercial banks today provide many digital services
Every banking transactions seem to be only a click away via your phone or computer
However, since online or digital transactions are subject to electronic frauds, customers making the transfers should be cautious and
careful when making these transactions
again urged its customers to adopt banking habits that ensure safe transactions."Transferring money electronically Follow these practices
for secure and safe money transfers," the country's largest bank said on microblogging website Twitter."Be alert and cautious when
conducting any electronic financial and banking transaction
Customers should transfer money electronically to known beneficiaries only.(: 10 Things You Should Know For Conducting Safe ATM
Before making payments through Unified Payments Interface (UPI), an instant real-time payment system for inter-bank transactions, customers
should check payment collect request, said SBI.3
Customers should not make electronic money transfers through public devices, said SBI.4
Customers should not transact via open/free networks, said SBI.5
SBI advised customers to use verified or trusted browsers.(: SBI's Multi-Option Deposit Scheme: Interest Rates, Tenure And Other Details)6
Customers should use 'https' secured websites for payments.7
SBI also advised customers to verify amount for debit card transactions.8
Customers should not share passwords, one-time passwords (OTPs), PINs, card verification value (CVV), UPI password etc.9
Customers should not store banking credentials on their phone.(: SBI's Flexi Deposit Scheme: Eligibility, Interest Rates And Other
You should never share your card/card details with others, said SBI.
